Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at PeterMondrose@BusinessPundit.com or (929) 265-0240.

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SpaceX Rocket Explodes During International Space Station Cargo Launch

A Falcon 9 rocket has failed to deliver its payload to the International Space Station. Elon Musk’s SpaceX project was dealt a big blow on Sunday when the company’s rocket exploded shortly after blastoff at 10:21 a.m. local time.

The rocket, which launched from Cape Canaveral, was carrying a Dargon cargo spacecraft that would have delivered supplies to the International Space Station. The capsule was carrying two and a half tons of supplies, equipment and experiments including a new docking adapter for accommodating future U.S.-built spaceships to a virtual-reality headset for the station’s crew.

Astronauts aboard the International Space Station failed to receive goods last month when a Russian spacecraft was destroyed during takeoff. The new supplies rock is slated to launch from Kazakhstan on July 3.

Shortly after the explosion SpaceX released the following tweet:

The vehicle experienced an anomaly on ascent. Team is investigating. Updates to come.